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$529,900
3 Beds 2 Baths
Rare opportunity to own two homes on one tax lot! Whether you're looking for multi-generational living, rental income, or a flexible investment, this property offers endless possibilities. The second home is currently operating as a fully furnished mid-term rental, generating $2,500/month in income. Live in one home while offsetting your mortgage with the other, or keep both as income-producing properties. A unique setup with built-in flexibility and earning potential! Seller is a licensed real estate agent Here's an additional description that keeps a casual, buyer-focused tone:What makes this property truly special is that each home offers its own unique charm and lifestyle. The vacant home is move-in ready and features brand-new carpet and laminate flooring, making it an easy transition for an owner-occupant or future tenant. Step outside onto the spacious deck and enjoy peaceful views overlooking Periwinkle Creek—a perfect spot for your morning coffee, unwinding after a long day, or simply enjoying the sights and sounds of nature right from your backyard.The second home sits directly across from the iconic King Kone, putting one of Albany’s most beloved local landmarks just steps away. This home has been meticulously maintained and features an immaculate bathroom remodel that blends modern style with everyday functionality. Currently operating as a fully furnished mid-term rental, it generates $2,500 per month in income and has proven itself as a strong revenue-producing asset.Whether you're looking to create a multi-generational living arrangement, house extended family nearby while maintaining privacy, live in one home and rent the other, or expand your real estate portfolio with a property that already has established income, the possibilities here are hard to find. Opportunities like this—two homes, one tax lot, income potential, creek views, and flexible living arrangements—don't come along often.

1540 Salem 1530 Ave Se, Albany

Listing Courtesy of EXP REALTY, LLC. 503-559-2489

$420,000
3 Beds 1 Baths
Fully renovated in 2025 and move-in ready! Bright, open-concept living/kitchen/dining beneath a vaulted ceiling. The new kitchen shines with quartz counters, new cabinetry, and stainless steel appliances. All-new roof, siding, exterior paint, electrical panel, lighting, high-efficiency vinyl windows, laminate flooring, furnace, and water heater. Flexible bonus/3rd bedroom. Huge fenced, private backyard with firepit, RV parking, RV gate, and shop potential on a 1/3-acre lot! Welcome to this beautifully reimagined Albany home, rebuilt and updated in 2025 so the next owner can simply move in and relax. From the covered front porch, step into a bright, open-concept great room where the living, kitchen, and dining areas flow together beneath a striking vaulted ceiling. The kitchen is the heart of the home, outfitted with quartz countertops, all-new cabinetry, stainless steel appliances, and fresh lighting throughout. Every major system has been updated for years of worry-free ownership: a new roof, new siding, new exterior paint, a new electrical panel, a high-efficiency furnace and water heater, and high-efficiency vinyl windows throughout. New laminate flooring ties the spaces together with a clean, modern feel. The layout offers a comfortable primary bedroom, a second bedroom, and a generous bonus room that works beautifully as a 3rd bedroom, home office, studio, or flex space, plus a dedicated laundry room. Outside is where this property really shines. The huge, fully fenced backyard delivers privacy and room to roam, complete with a firepit for evenings under the stars. RV parking and a dedicated RV gate provide easy access, and there is excellent shop potential for the hobbyist, maker, or weekend project enthusiast. All of this sits on a spacious 1/3-acre lot tucked toward the end of the street. Fully renovated, thoughtfully finished, and truly move-in ready, this one is a must-see.

3605 Adah Ave Ne, Albany

Listing Courtesy of THE GROUP REAL ESTATE. Cell: 503-983-4611

$799,000
4 Beds 3 Baths
2.13 acres with a greenhouse, covered RV parking, a spacious shop, TWO living rooms, a huge laundry room, an expansive deck, landscaped gardens, and dedicated indoor and outdoor entertaining spaces it has every project done that you would want completed. 4 bedrooms, 3 baths, vaulted ceilings, walls of windows, natural light. 3016 squarefeet (Some photos virtually staged) The main level lives comfortably with a spacious living area, dining room, updated primary suite, second bedroom or office, and access to expansive decking that feels suspended in the woods. The finished lower level adds incredible versatility with a large family room, pellet stove, private entrance, two additional bedrooms, and room for guests, multi-generational living, hobbies, or work-from-home space. Outside, enjoy established landscaping, terraced outdoor areas, a detached garage/workshop, greenhouse/potting space, RV/boat storage with hookups & room to garden. A rare combination of privacy, acreage, and convenience near North Albany schools, downtown Albany & Corvallis.

3530 Mariposa Dr Nw, Albany

Listing Courtesy of LEE REAL ESTATE. Direc: 503-245-9090

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.